Manhattan » 10036 » Broadway » 1501 Broadway

Paramount Building - 1501 Broadway, New York, NY 10036 - Property report

Also known as: 201-215 W 43rd St

Property image for Paramount Building - 1501 Broadway, New York, NY 10036

Property type

Office Only with or without Commercial - 20 Stories or More (O4)

Year built

1927

Lot sq. ft.

41,586

Sale price

$28,050,000

General information

Address

Building name

Paramount Building

Primary address

Paramount Building - 1501 Broadway

Alternate address(es)

1493-1505 Broadway
200-214 W 44th St
201-215 W 43rd St

ZIP code

10036

Neighborhood

Theatre District - Times Square

Borough

Manhattan

Block & lot

01015-0029

Building

Property type

Office Only with or without Commercial - 20 Stories or More (O4)

Building sq. ft.

686,603

Building dimensions

200.83 ft x 207 ft

Buildings on lot

Stories

Year built

1927

Last altered

2016

Building material

Sales

Sale date

11/01/2017

Sale price

$28,050,000 - M

Tax

Tax year

2026-2027

Property tax

$9,098,277

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

200.83 ft x 207 ft

Lot sq. ft.

41,586

Area overview

Walk score

100 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

91 /100. Biker's Paradise

School district

Community district

Closest police station

0.43 Miles

Closest fire station

0.21 Miles

View more such as transportation, nearby schools and risk designations.

Building Description

This historic masterpiece was originally built in 1926 as the headquarters for Paramount. The Paramount Building stuns with its Aztec pyramid like Art Deco form and was named a New York City landmark in 1988. Designed by Rapp and Rapp architects, this NYC office building offers almost 700,000 square feet of space spread across 33 floors. Located in the heart of New York City, it's within 5 blocks of The Rockefeller Center, Grand Central Terminal, and the famous dinning of Hell's Kitchen.

The original Paramount Theatre was revered for its glamorous decor including ceiling frescos, and one of the largest pipe organs ever built. In its early days the building hosted hot and important talent ranging from Frank Sinatra and Jerry Lewis to Elvis Presley, and more. The surrounding area is busy and full of shopping and dining options, both high-brow and pedestrian. The building is close to the 42nd St. station for subway lines 1, 2, and 3, and the Port Authority Bus Terminal for lines A, C, and E.

Ownership

Ownership information for Paramount Building - 1501 Broadway, New York, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for Paramount Building - 1501 Broadway, New York, NY 10036

Sale date	Sale price	Buyer name	Seller name
11/01/2017	$28,050,000	XXXXXXX XXXX XXX.	XXXXX X XXXXXXXXXXXXXX XXX
04/30/2007	$1,776,869	XXXXXXXXX XXXXXXXXX X X	XXX XXXX XX, XX X
03/05/2007	$23,188,000	XXXXXXXX XXXX XXXX XXXXXXXXXXXXX, XXX	XXXX XXXXXXX, XXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
07/07/2026 - R 11/10/2025 - D	Maps (2026070600944002)	XXXX XXXXXXXX XXXXXXXXXXX
07/07/2026 - R 07/28/2025 - D	Condo Declaration (2026070600944001)	XXXXXXXX XXX X X
05/28/2025 - R 01/10/2025 - D	Memorandum of Lease (2025052800561001)	XXXXXXXXX XXXXXXXXX X X	XXXXXX XXXXXX XXXXXX XX XXXXXXXXXXXX XXXXX XXX
10/07/2024 - R	UCC3 Continuation (2024100400783001)	XXXXXXXXX XXX X X	XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
07/07/2020 - R	UCC3 Assignment (2020070700469002)	XXXXXXXXX XXX X X	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
07/07/2020 - R 05/22/2020 - D	Assignment, Mortgage (2020070700469001)	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX	XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
01/15/2020 - R 01/09/2020 - D	Memorandum of Lease (2020010800316001)	XXXXXXXXX XXXXXXXXX X X	XX XXXXXXX XXX
01/15/2020 - R 12/30/2019 - D	Agreement (2020010800316003)	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX	XX XXXXXXX XXX
01/15/2020 - R 12/30/2019 - D	Agreement (2020010800316002)	XXXXXXXXX XXX X X	XXXXXXXXX XXXXXXXXX XX
12/19/2019 - R	Initial UCC1 (2019121300731007)	XXXXXXXXX XXX X X	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Paramount Building - 1501 Broadway, New York, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2025-2026

Property tax

$9,098,277

Municipal exemptions

Recent tax assessments

Market value

$204,541,000

Assessed value

$92,043,450

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Taxable amount	Tax rate	Base tax	Property tax	Y-o-Y change
2025/26	$187,201,000	$84,240,450	$82,211,400	10.848%	$8,918,293	$8,918,293	-0.29%
2024/25	$184,691,000	$83,110,950	$83,110,950	10.762%	$8,944,400	$8,944,400	+12.12%
2023/24	$167,364,000	$75,313,800	$75,313,800	10.592%	$7,977,238	$7,977,238	-11.47%
2022/23	$188,098,000	$84,644,100	$84,644,100	10.646%	$9,011,211	$9,011,211	+0.05%
2021/22	$186,106,000	$83,747,700	$83,747,700	10.755%	$9,007,065	$9,007,065	-20.99%
2020/21	$236,889,000	$106,600,050	$106,600,050	10.694%	$11,399,809	$11,399,809	+1.49%
2019/20	$236,888,900	$106,600,005	$106,600,000	10.537%	$11,232,442	$11,232,442	+11.25%
2018/19	$241,726,000	$108,776,700	$96,029,522	10.514%	$10,096,544	$10,096,544	+7.40%
2017/18	$219,739,000	$98,882,550	$89,417,042	10.514%	$9,401,308	$9,401,308	+0.94%
2016/17	$221,886,000	$99,848,700	$88,080,012	10.574%	$9,313,580	$9,313,580	+8.79%

Permits

Permit information for Paramount Building - 1501 Broadway, New York, NY

Filing date	Job type	Job status	Job description	Initial cost
08/05/2026	Alteration
07/28/2026	Alteration
07/27/2026	Alteration
07/27/2026	Alteration
07/25/2026	Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID	Issue date	Type	Status
	10/07/2024	Landmk-landmark none
	04/15/2024	Landmk-landmark none
	02/09/2024	Landmk-landmark none

*Most recent DOB violations on record for this property.

Listings

Commercial listings at Paramount Building - 1501 Broadway, New York, NY 10036

Photo	Listing Type	Property Type	Price	Sq. ft.	Listing Date	Last Updated
	For Lease	General Office	Listing price not available	694,134		07/30/2026	View listing

Neighborhood

Manhattan commercial market stats

Review a detailed real estate market overview of Manhattan and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Manhattan and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$729

10.4% Y-o-Y

Q1 2026 median price/sq. ft.

$807

22.4% Y-o-Y

2025 median price/sq. ft.

$630

-8.1% Y-o-Y

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Broadway & 43rd St at SW Corner

Station lines

A-C-E-N-Q-R-GS-1-2-3-7

Distance (miles)

0.056

View subway map

Access the detailed traffic volume map for Paramount Building - 1501 Broadway, New York, NY 10036 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Nearby ZIP codes for Paramount Building - 1501 Broadway, New York, NY

10001, New York City, NY 10018, New York City, NY 10019, New York City, NY 10020, New York City, NY 10103, New York City, NY 10110, New York City, NY 10112, New York City, NY 10119, New York City, NY 10165, New York City, NY 10167, New York City, NY 10169, New York City, NY 10170, New York City, NY 10171, New York City, NY 10172, New York City, NY 10173, New York City, NY 10174, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for Paramount Building - 1501 Broadway, New York, NY 10036?

The development at Paramount Building - 1501 Broadway, New York, NY 10036 was built in 1927.

What is the market value of Paramount Building - 1501 Broadway, New York, NY 10036?

The current market value of Paramount Building - 1501 Broadway, New York, NY 10036 is $204,541,000.

What is the total square footage of Paramount Building - 1501 Broadway, New York, NY 10036?

Paramount Building - 1501 Broadway, New York, NY 10036 has a total of 686,603 square feet.

What is the price per square foot for this property?

$40 per square foot is the price for Paramount Building - 1501 Broadway, New York, NY 10036.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 201.

How many active listings does Paramount Building - 1501 Broadway, New York, NY 10036 have?

This address has 14 active listing(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.